REG - Vianet Group PLC - Contract Announcement

VianetAnnouncement

11/01/2022 07:05

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RNS Number : 9898X  Vianet Group PLC  11 January 2022

 

11 January 2022

Vianet Group plc

 

("Vianet" or the "Group")

 

Contract Announcement

 

Vianet Group plc (AIM: VNET), the international provider of internet-enabled,
cloud-based, telemetric and data services to the hospitality, unattended
retail vending, and remote asset management sectors, is pleased to announce a
significant new contract for its fast-growing Smart Machines Division.

 

Following a rigorous tender process, Lavazza Professional UK Limited has
awarded Vianet a three-year contract to provide contactless payment,
telemetry, and data services across their unattended retail estate. Vianet's
leading end-to-end solution, including real-time monitoring, business
intelligence, and contactless payment, will allow Lavazza Professional UK to
maximise operational efficiency, stock control, and cash flow whilst reducing
the estate's carbon footprint.

 

Whilst not having a material impact on the current financial year, this is a
financially significant new three-year contract for Vianet. It includes a
commitment to provide Vianet's services to 3,000 units in Lavazza Professional
UK's managed estate and gives Vianet preferred supplier access to a further
10,000 machines in Lavazza Professional UK's direct estate providing coffee
solutions to vending operators and end-users.

 

Commenting on the contract announcement, James Dickson, Chair and CEO said:

"I'm delighted that we have secured this long-term contract with Lavazza
Professional UK, who, following a rigorous process, clearly understand the
significant brand and financial benefit to be derived from rolling out
SmartVend, our leading end to end solution.

"Over the past 18 months, we have made significant investments in our product
and people, laying a strong foundation to address our exciting growth
opportunities, which has resulted in a strong sales pipeline for the
division."

 

Commenting on the contract announcement, David Harrison, National Sales
Director, Lavazza Professional UK, said:

"Delivering a quality coffee solution efficiently is vital to our growth
plans, and I'm really pleased that we have chosen to partner with Vianet, who
have the product, people and culture to support our growth initiatives."

 

- Ends -

 

Enquiries:

 Vianet Group plc
 James Dickson, Chairman & Interim CEO      Tel: +44 (0) 1642 358 800

 Mark Foster, CFO                           www.vianetplc.com (http://www.vianetplc.com)

 Cenkos Securities plc
 Stephen Keys / Camilla Hume                Tel: +44 (0) 20 7397 8900
                                            www.cenkos.com (http://www.cenkos.com)

Media enquiries:

 Yellow Jersey PR
 Sarah Hollins                        Tel: +44 (0)7764 947 137

 Henry Wilkinson                      Tel: +44 (0)7951 402 336

 vianet@yellowjerseypr.com   www.yellowjerseypr.com (http://www.yellowjerseypr.com)

 

About Vianet

Vianet Group is a leading provider of actionable management information and
business insight created through combining data from our smart Internet of
Things ('IOT') solutions and external information sources.

Since Admission to AIM in 2006, the Group has grown from its core beer
monitoring business both organically and through strategic acquisitions to
widen its offering and develop new businesses, especially in vending telemetry
and contactless payment solutions particularly for the premium coffee sector.

Servicing over 300 customers across the world and rendering live data to our
IOT platform from over 250,000 connected machines daily, Vianet is one of the
largest business to business (b2b) connected solutions providers in Europe
with established long-term relationships with blue chip customers and growing
recurring revenues which are over 85% of our total revenues.

In our Smart Machines Division, we connect a single data gathering device with
its own on-board communication capability to a customer's asset or system. The
device then sends data back via our IOT platform to cloud based servers. The
technology was originally developed for automated retailing machines; however,
the flexibility and functionality of the device means the technology can be
applied to practically any machine which has the capability to output data.
The device is also used to connect our contactless payment solution and
communicate payment terms to our cloud-based payment services providers where
that application is also required.

The Smart Zones Division is where we connect multiple data gathering devices
into one or more systems or assets with the data from those devices being
communicated back to our IOT platform and cloud-based servers via a single 3G
communications hub. The technology was originally developed for flow
monitoring devices, temperature sensors, and asset management in drinks
retailing but practically any data gathering device with a digital output
could be connected to the communications hub where required such as gaming
machines, utilities management and EPOS.

For further information, please visit www.vianetplc.com
(http://www.vianetplc.com/)

 

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